Baby Musk Coin, a meme coin, has tanked nearly 100% after a rug pull. The token raised $2 million in its ICO, promising to revolutionize meme coins. The Baby Musk Coin, named after Elon Musk, appears ...
Tag: Rug
Coinbase Removes Crypto ‘Rug Pull’ Links from Its Platform
Coinbase Global, a major cryptocurrency exchange in the US, announced on Wednesday that it has removed ‘how to buy’ instructions for at least three crypto tokens which have been identified...
Rapper Gunna Denies Involvement In Pushin Peth Rug Pull
Hit rapper Gunna has vehemently denied any involvement in the Pushin Peth crypto scam, taking to social media in an attempt to set the record straight by claiming that his Twitter account was hacked t...
Rug Pull: Don’t Be Fooled! Here Are 5 Ways To Detect If Someone’s About To Scam You
Last October, a rug pull devastated investors eager to make money from cryptocurrency token “SQUID,” named after the popular Netflix show Squid Game. With its bandwagon hype, the token’s value skyrock...
How to identify crypto rug pulls in six methods?
Crypto rug pulls have become a common way for fraudsters to launder millions of dollars. In this type of attack a team pumps their project’s token before disappearing with the funds. Every victim of s...
What is a rug pull in crypto and 6 ways to spot it
There are several clear signs that investors can watch out for to protect themselves from rug pulls such as the liquidity not being locked and no external audit having been conducted. The fo...
Youtuber and alleged thief publicly refuses to return investors’ funds after $750k rug pull
On Wednesday, American Youtuber and “internet detective” Coffeezillaa published a recorded interview of himself and disgraced Youtuber Paul “Ice Poseidon” Denino. During the se...
Crypto Combined With Real Estate for Rug Pull
Crypto thefts, scams, and pump and dump schemes have seen a great rise along with cryptocurrency adoption in 2021. Recently, a project that promised to “democratize” and introduced itself to make real...
DeFi scammers tracked down after a $25 million rug pull
TL; DR Breakdown DeFi scammers tracked down after rug pull StableMagnet scammed over 1000 investors Vigilante narrates how the scammers were arrested The digital finance world is one of the most compl...
Cyber vigilante hunts down DeFi scammers running away with $25M rug pull
In the world of digital finance, where the weapon of choice for a heist is a computer rather than a semi-automatic firearm, tracking down scams and frauds from across the world becomes a near-impossib...
Certik’s rug pull claim was a false alarm
TL; DR Breakdown Certik’s claim on CryptoCars was false The developers took the website down for the holiday Certik issues update on the previous alarm Over the last few weeks, the market has been boi...
CertiK’s identification of Crypto Cars as ‘rug pull’ was a false alarm
In a period of market downturns, rumors of crypto bans and decentralized finance, or DeFi scams, blockchain enthusiasts can be sensitive to the smallest abnormalities within projects they follow and s...
Crypto Has Given Way to Many Rug Pulls, Researchers Say
Hackers have learned to manipulate smart contracts so they can engage in what are known as crypto “rug pulls” and make off with heavy profits. Rug Pulls Are Becoming Too Common According to a recent d...
Failed promises and rug pull accusations? Cardstarter and SundaeSwap blame each other
Cardstarter and SundaeSwap find themselves embroiled in drama, with each accusing the other of foul play. Cardano has gone to great lengths to paint itself as a more secure blockchain. For example, in...
Solana NFT Project Rug Pulls Investors for $1.3M—Despite Civic ‘Verification’
On January 11, scammers pulled off one of the largest NFT rug pulls in the history of the Solana blockchain. The scammers made off with 9,136 SOL, or around $1.3 million at the time, in funds sent by ...
DeFi rug pull unearthed by Chinese police worth millions
DeFi crimes have surged in China since December as police have arrested eight people since December 50 million yuan DeFi rug pull scam unearthed by public security bureau of Chizhou Rug pulls are co...
Chinese police unearth multi-million dollar DeFi rug pull
Beijing’s crackdown on crypto continued with the start of the new year as Chinese police froze nearly 6 million yuan ($1 million) worth of crypto and arrested eight people involved with it. As per a ...
Watch out investors! These crypto projects have rug pull potential
In a series of tweets, the leading blockchain security and data analytics company, PeckShield, has revealed that up to 50 crypto projects domiciled on the Binance Smart Chain could be rug pulled. Peck...
Frosties NFT investors rug pulled, loses over $1 million
Investors in a non-fungible token (NFT) collection called Frosties, have been scammed for over $1 million after creators of the digital tokens absconded with their funds on January 9th. Frosties NFT i...
Rug pull alert: Arbix Finance (ARBX) is a scam
TL;DR Breakdown Arbix Finance (ARBX) is a rug pull scam. Security firm CertiK analysed the projects mint activities to spot several red flags. Developers are moving over 14 million ARBX tokens to u...
This Farming Protocol Has Been Identified As A Rug Pull, Users Warned To Stay Clear
Blockchain security firm CertiK has flagged Binance Smart Chain-based yield farming protocol Arbix Finance as a rug pull. CertiK Flags Arbix Finance According to CertiK’s incident analysis, Arbix Fina...
CertiK identifies Arbix Finance as a rug pull, warns users to steer clear
Binance Smart Chain-based yield farming protocol Arbix Finance was identified by blockchain security company CertiK as a rug pull. According to the firm’s incident analysis, there were several reason...
Airdrop Mania Sees Latest Airdrop Rug Pull on Buyers Through Smart Contract Exploit
As reported by @cat5749, a scam surfaced on Dec. 31, 2021 to reward $YEAR tokens to ETH transactions based on the contents of their Metamask wallet. Investors in a new cryptocurrency called $YEAR were...